1. SHEIN rumored to pursue another US listing
On November 21st, it was reported that SHEIN has secretly submitted listing materials to the U.S. Securities and Exchange Commission, seeking a valuation of up to $90 billion (second only to Alibaba and Pinduoduo in the domestic e-commerce circle, far exceeding JD.com's market value of about $44 billion). Some investors have received roadshow invitations.
In response, SHEIN headquarters staff stated that they are not very clear about the specific situation of the IPO. Although there is no definite answer to SHEIN's listing at the moment, some experts believe that theoretically, SHEIN's choice to list in the United States at this time is somewhat reasonable.
Source: Guoshi Direct
2. USPS plans to raise prices on certain products in 2024
On November 21st, due to continued financial difficulties and loss of volume, the United States Postal Service (USPS) plans to raise prices on multiple shipping service products, with the changes set to take effect on January 21, 2024. According to a document submitted by USPS to the Postal Regulatory Commission, rates for USPS Ground Advantage, Parcel Select, Priority Mail, and Priority Mail Express will increase, and the commission will review these adjustments.
Specific increases include: USPS Ground Advantage service by 5.4%; Priority Mail by 5.7%; Priority Mail Express by 5.9%; Parcel Select by 5.9%.
Source: SupplyChainDive
3. eBay adjusts SpeedPAK-related routing freight charges
On November 21st, eBay announced that recent airline flight frequency adjustments and unloading due to events such as volcanic eruptions in Russia, earthquakes in Iceland, and storms in the United States have led to significant increases in air transportation costs during the traditional peak sales season. In this situation, transportation costs from mainland China and Hong Kong to several destination countries have increased to varying degrees. In order to ensure the smooth operation and timely delivery of SpeedPAK, eBay will adjust some routing service fees for shipments from mainland China and Hong Kong to ensure the stability of eBay sellers' direct mail delivery services.
Source: eBay
4. Temu sets $30 billion GMV target for 2024
On November 21st, Temu set an ambitious GMV (Gross Merchandise Volume) target of $30 billion for 2024, more than twice as much as this year. It is understood that SHEIN, operating for ten years, had a global GMV of $29 billion in 2022. Temu is a comprehensive e-commerce platform for all categories, specializing in low-priced small items; SHEIN mainly sells fashion clothing.
Source: LatePost
5. Global shopping app downloads in Q1-Q3 2023: SHEIN and Temu rank first and second
On November 21st, according to data from data.ai, Temu surpassed Amazon and other popular apps to rank second in global downloads in the first three quarters of this year, second only to SHEIN; it ranked first in the United States, the United Kingdom, France, Germany, and Australia. In terms of user usage time in the United States, Temu ranked second, second only to Amazon, and ahead of U.S. retail giants Walmart and eBay.
Source: data.ai
6. Dunhuang Network updates compensation rules for DHLink platform online logistics
On November 21st, Dunhuang Network announced that it has updated the compensation rules for DHLink platform online logistics to further standardize and improve Dunhuang Network's logistics service standards, continuously enhancing the logistics service experience for Dunhuang Network customers.
The applicable scenarios for logistics compensation are as follows: First, after verification, it is confirmed that the logistics order is lost. The second scenario is when disputes arise from refund orders due to the delay in delivery beyond the promised service arrival time and caused by logistics delays from the start of freight payment for the logistics order.
Source: Dunhuang Network
7. State Post Bureau: Express delivery volume reaches 105.17 billion pieces in January-October
On November 21st, the State Post Bureau released the operation of the postal industry from January to October 2023. From January to October, the postal industry completed a cumulative volume of 129.72 billion pieces of postal services, a year-on-year increase of 14.3%. Among them, the cumulative volume of express delivery services (excluding postal group parcel services) reached 105.17 billion pieces, an increase of 17.0% year-on-year.
From January to October, the proportion of international/Hong Kong, Macao, and Taiwan express delivery business volume to the total express delivery business volume was 2.3%, and the business income accounted for 11.3% of the total express delivery income. Compared with the same period last year, the proportion of international/Hong Kong, Macao, and Taiwan business volume increased by 0.5 percentage points.
Source: State Post Bureau
8. Hefei Airport's cargo throughput exceeds 100,000 tons
On November 21st, with the full load of 106 tons of cargo taking off on Flight K4935 from Hefei to Chicago, the annual cargo throughput of Hefei Xinqiao International Airport officially exceeded 100,000 tons, a year-on-year increase of 47%, and a 30% increase compared to 2019, achieving a new level of cargo transportation development.
Source: Aviation Freight News Express
9. China Kashgar to Germany Cologne freight charter flight successfully inaugurates
On November 21st, a freight charter flight from Kashgar, Xinjiang, China, to Cologne, Germany, successfully inaugurated, marking the full resumption of the international freight route in Kashgar, Xinjiang. This freighter is the first international freight charter flight to take off from Kashgar, Xinjiang, since the establishment of the China (Xinjiang) Pilot Free Trade Zone and Kashgar Area. It is understood that the flight was operated by Xinjiang Hantong Cross-border Logistics Co., Ltd. It carried a total of 1,571 pieces of cargo, weighing 24.7 tons, with a value of over 8.46 million RMB. The main cargo carried were Christmas seasonal products and other e-commerce goods exported from Kashgar, Xinjiang, to Europe.
Source: China News Network
End
Cross-border e-commerce logistics Bai xiaosheng
0
